"CRASH" How a Chinese Construction Company (Evergrande) could bring GPU Prices Down.
What does Evergrande (a construction company in China) have to do with GPU prices?
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Well quite a lot, since late 2020, GPUs which were traditionally used for gaming; literally became a speculative investment asset class. And since borrowed money has propped up crypto prices since that timeframe, it would be an accurate assumption to say that a massive global deleveraging event, could also cause crypto prices, and hence mining profits to drop drastically.
Index
0:00 The broad story.
1:52 Evergrande under massive financial stress, if no bailout comes to the rescue.
3:15 The Texas Ratio, bad loans show how big of a potential problem this can actually be.
3:55 JP Morgan Chase, America's biggest bank doesn't even have anywhere near the bad loan amount of this single construction company.
4:50 Why is this happening? China's 3 Strike Policy
6:30 The reason the bubble has gone on this far and the potential contagion.
8:03 The US Debt Ceiling and the next potential contagion.
9:30 The Crypto Situation and how the volatility can swing for the worse (or better in the case of gamers).
13:25 Do people know what durries are?
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#Crash #GPU